The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases. However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.

The global medical device reprocessing market is projected to reach USD 1,754.0 Million by 2022 from USD 823.5 Million in 2017, at a CAGR of 16.3%

Market Dynamics
• Drivers
– Low Prices of Reprocessed Medical Devices
– Pressure to Reduce Volume of Regulated Medical Waste

•Restraints
– Risk of Surgical Site Infections

•Opportunities
– Regulatory Changes Favoring the Adoption of Medical Device Reprocessing

• Key Challenges
– Stringent Regulations for Medical Device Reprocessing Practices

The reprocessing…